MEVN

Philip Morris clinches Swedish Match after smoking out opposition

PMI needs 90% stake for mandatory minority buyout PMI believes the goal can eventually be achieved PMI Says Swedish Match’s Top 10 Investors Tendered Stock Nov 7 (Reuters) – Marlboro maker Philip Morris International (PMI) (PM.N) overcame some opposition to clinch 83% of the Swedish game (SWMA.ST)below the 90% he wanted, but enough to convince …

Philip Morris clinches Swedish Match after smoking out opposition Read More »

CVS, Walmart, Walgreens agree to pay $13.8 bln to settle U.S. opioid claims

Nov 2 (Reuters) – CVS Health Corp (CVS.N)Walgreens Boots Alliance Inc. (WBA.O) and Walmart Inc. (WMT.N) agreed to pay approximately $13.8 billion to resolve thousands of lawsuits filed by U.S. state, local and tribal governments accusing drugstore chains of mishandling opioid painkillers. CVS said Wednesday it agreed to pay about $5 billion over 10 years, …

CVS, Walmart, Walgreens agree to pay $13.8 bln to settle U.S. opioid claims Read More »

U.S. Treasury asks major banks if it should buy back bonds

Oct 14 (Reuters) – The U.S. Treasury Department is asking primary traders of U.S. Treasuries whether the government should buy back some of its bonds to improve liquidity in the $24 trillion market. Liquidity in the world’s largest bond market has deteriorated this year in part due to rising volatility as the Federal Reserve rapidly …

U.S. Treasury asks major banks if it should buy back bonds Read More »

Credit Suisse shares slip despite moves to soothe investor concerns

Credit Suisse caught in market turmoil ahead of overhaul Shares fell 10% in early trading on Monday The Bank’s euro-denominated bonds hit historic lows Swiss bank says its capital and liquidity are strong ZURICH, October 3 (Reuters) – Credit Suisse (CSGN.S) Shares fell 10% on Monday, reflecting market concerns ahead of a restructuring plan due …

Credit Suisse shares slip despite moves to soothe investor concerns Read More »

Bed Bath & Beyond to cut jobs, close stores in bid to reverse losses

Join now for FREE unlimited access to Reuters.com Register Aug 31 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) On Wednesday, it announced it had signed deals for more than $500 million in new funding and would close 150 stores, cut jobs and revamp its merchandising strategy in a bid to turn around its loss-making …

Bed Bath & Beyond to cut jobs, close stores in bid to reverse losses Read More »

Exclusive: Tencent plans to divest Meituan stake worth $24 billion

Tencent seeks to initiate sale of Meituan stake this year – sources Sale seeks to appease regulators and monetize 8-year-old betting sources Sale of stake likely to be made as a block transaction – sources This decision comes after the sale by Tencent of JD.com and the participations of SEA Meituan shares sink 10%; Tencent …

Exclusive: Tencent plans to divest Meituan stake worth $24 billion Read More »